eSports Startup Vindex Launches With $60 Million

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A new esports company is rising, with new funding to get it started.

Vindex, formed by Major League Gaming co founder Mike Sespo, with a group of esports and fintech entrepreneurs, completed an initial funding round of $60 million in funding. The Series A funding round was backed by several investors and hedge fund firms.

On top of the funding, Vindex also announced that it purchased Next Generation Esports, which specializes in esports operations, production and technology. The Burbank, CA based company played a key role in some of the most-watched esports broadcasts in history. This acquisition will make Vindex one of the largest pure-play esports firms in the world, despite its just-launched status.

The startup is also launching a new esports venture, Esports Engine, also a esports production and management entity.

The new company, Vindex, will have more than 100 employees, proprietary broadcast technology and competition management software to equip partners with industry-leading services and tech needed for scale in a growing, mainstream worldwide audience.

Sespo will be CEO of the new venture. He co-founded Vindex with Sundance DiGiovanni, Bryan Binder and Jason Garmise. The company will be based in New York.